AFIP granted new powers: price control and changes in VAT and income taxes regulations.

• AFIP has new powers: price control and changes in VAT
• The government has modified the regulations of the VAT and Internal Taxes laws
• New rules for fiscal transparency to consumers will be implemented from January 1, 2025
• Increases in tax rates for certain goods, such as cigarettes, and elimination of fixed minimum taxes
• Procedures for price estimation and determination of taxable bases are detailed
• Quarterly updating of amounts based on the Consumer Price Index
• AFIP can update billing amounts and sales prices based on indices and price surveys
• Collaboration with other entities to conduct price surveys
• Updates will be regularly published on the AFIP website
• The goal is to make the tax system more transparent, fair, and up-to-date.

Source: ambito.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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